Myanmar-India border trade down in 2021-2022 mini-budget year
4 November 2021
Border trade between Myanmar and India hit US$1.42 million as of 22 October in the mini-budget year of 2021-2022 or transition period from October 2021 to March 2022, according to figures released by the Commerce Ministry.
The border trade during the period decreased by $0.87 million compared with the same period of the previous financial year. The Myanmar-India total border trade during the period was shared by Myanmar’s export of $1.35 million and its import of $0.07 million.
The two countries carry out border trade mainly through Tamu, Reed and Thantlang cross-border trade camps, while a major part of bilateral trade is delivered through ships.
According to the Ministry of Commerce, the total border trade volume from the Tamu border trading post in the mini-budget year was $0.56 million with exports valued at $0.56 million. Total trade volume via the Reed border trade post in the same period was $0.86 million with exports valued at $0.79 million and imports $0.07 million.
Myanmar mainly exports to India fruits and vegetable, fishery and forestry products, while importing from India medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials.